PetMed Express Reports $34M Loss, Adjusted Loss at $0.34 per Share

PetMed Express, a prominent pet pharmacy, reported a substantial loss of $34.2 million in their fiscal first quarter, translating to a loss of $1.65 per share. However, after adjusting for asset impairment, their loss per share was actually $0.34. Despite the loss, they generated $51.2 million in revenue. Investors and analysts are keen to see how the company plans to address these losses and improve their financial standing.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.